Faysal Savings Growth Fund
 

Faysal Savings Growth Fund (FSGF) an open-ended mutual fund, seeks maximum preservation of capital and a reasonable rate of return via investing primarily in money market and debt securities having good credit rating and liquidity.

Brief Terms of FSGF are presented below
 
Fund Type    Open Ended
Fund     Categorization in Process
Tenor:    Perpetual
Managed By Faysal Asset Management Limited (FAML)
Inception Date    May 12, 2007
Trustee   Central Depository Company of Pakistan (CDC)
Listing        Karachi Stock Exchange
Governing Body   Securities & Exchange Commission of Pakistan

 

FSGF Performance
Year Dividend Payout Fund's Annual Yield Benchmark's Annual Yield
FY 2006-07 1.25% 10.42% 9.39%
FY 2007-08 10.00% 9.97% 10.13%
FY 2008-09 12.75% 12.74% 13.38%

 

Investment Philosophy of FSGF

In line with its investment objectives, funds will be invested in a range of liquid money market and debt instruments. The investment portfolio will primarily comprise of PIB’s, Bank Deposits, Treasury Bills, secured and unsecured listed or privately placed debt securities, Certificates of Investments, Spread Transactions and any other security or instruments that may be allowed by SECP. 

Key Benefits

  • 100% money market fund
  • Proven track record of managing two open-ended funds.
  • No load
  • Low Interest rate risk
  • Low liquidity risk
  • Low duration risk
  • Flexible Income Frequency Option
  • Invest with as little as Rs. 5,000 (Type A) and Rs.50,000 (Type B).
  • Direct transfer of Income / Redemption amount to the Unit holder’s bank account (Presently for Faysal Bank Ltd. customers only).
  • Individual investors can receive a tax credit of up to Rs. 60,000 on their investment. *



*According to Section 62 of the Income Tax Ordinance 2001.

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